It’s the only way to blow another recovery/bubble, get more suckers to sign for a house, loosen predatory lending standards, shoot credit from the hip.
The pirate class is getting the remaining bankster-seized housing cheap, the former owners are obligated to start paying up to rent at the same pirate owned apartment complexes, if they can afford it. No credit? No problem! Pay up and you’ll have a place to sleep.

There is no real recovery as there are 20 million vacant houses and another 10 million people still underwater looking for a planted reason to default. The government has with this underwater positioning been able to cloud crime of the mortgage industry.

Hopefully some of the secrecy will come out of this new deal in the works that should be completed by week end.